Cheniere Energy signs MOU with Sumitomo for export capacity at Sabine Pass terminal

Cheniere Energy Partners, L.P. announced today that its subsidiary, Sabine Pass Liquefaction, LLC has entered into a non-binding memorandum of understanding with Sumitomo Corporation, under which Sumitomo intends to contract up to approximately 1.5 million tpa of processing capacity at the Sabine Pass LNG terminal in Louisiana.

Under the MOU, Sumitomo and Sabine have agreed to proceed with negotiations of definitive agreements for Sumitomo to contract bi-directional capacity, subject to certain conditions precedent, including but not limited to the receipt by each party of requisite internal approvals, Sabine's receipt of regulatory approvals and making a final investment decision to construct the liquefaction facilities.

“We are pleased to have Sumitomo as a customer at Sabine Pass.” said Charif Souki, Chairman and CEO of Cheniere Energy Partners. “With this MOU we have up to 7.7 million tpa of LNG processing capacity reserved. We have reached our targeted capacity for the first two trains and look forward to advancing discussions and entering into definitive agreements.”

Cheniere Partners own 100% of the Sabine Pass LNG terminal located in western Cameron Parish, Louisiana on the Sabine Pass Channel. The terminal has sendout capacity of 4 billion ft³/d and storage capacity of 16.9 billion ft³.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/28012011/cheniere_energy_signs_mou_with_sumitomo_for_export_capacity_at_sabine_pass_terminal/